I've been thinking about about doing that, too, not that I'm expecting anything to happen. I had mentioned it to my sister a while back. Since then she and her husband have completed this task, but not my husband and me. If something were to happen to both hubby and me at the same time, everything would likely go to my dad, if he is still alive. I love my dad, but he spends all his money on booze and women. I'd rather my nephew and two of my husband's nephews be the beneficiaries. Hubby and I are the youngest among our siblings. It's possible some of them might outlive us, but in the case of mine, they will inherit from my dad if he has anything left when he passes. I look at these nephews I mentioned as the children we never had.